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to hear before turning in your taxes. and.... the company that orchestrated the most famous re-tweet ever... first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's wednesday, march 5th i'm angela miles. in today's first look: the s&p rises to a new record high as the standoff between russia and the ukraine becomes "less tense". it's the 49th record set by the index. the dow- also had a positive reaction jumping 228 points, the nasdaq 75 and the s&p 28 gold scaled back $15 dollars and oil.. $1.63. caterpillar's ceo says he is guardedly optimistic about the global economy...which added into the buying blitz on wall street. and the power of the plug. yesterday we told you about the fuel cell stock plug power that surged 24% monday well on tuesdays it rallied 15% more.. trader daniel stecich of athena advisor services joins us now. there was a collective sigh of relief in the market yesterday but will that continue? >>i think it will. you have to put what happened in russia behind us and if you look at what happe
at the president's budget, you see an earned income tax credit. that is being offered by the president as something that should be expanded. if you look at the poverty report monday, he praises the earned income tax credit. republicans have different views. use all marco rubio in the senate talk about killing the program. marco rubio in the senate talking about killing the program. the earned income tax credit, which the president wants to expand, was really a republican proposal a few decades ago. republicans like having people work and having people reported for work. this could be an area where there are twin carried -- tinkering. expand the like to tax reduction for families who have children. republicans have been focusing on this for the past year. mike lee, one of the most conservative members has been talking about using the tax credit as the core of what republicans have. see at least two areas there could be talks. credits, we are seeing political messaging more than anything else. host: what are the expectations for how the budget process is going to work on capitol hill? will the senate
spent over $1.5 trillion which averages out to about $11.2 million tax dollars paid every hour by the american people. in today's national paper, the "usa today," and other headlines, the headline is this, "obama to karzai: time running out for security deal." madam speaker, based on recent polls this would be good news to the american people if we would not continue this relationship with afghanistan. it is nothing but an absolute waste of the taxpayers' money and the american people are sick and tired of it. a recent poll last week by gallup showed that almost 50% of the american people believe that the war in afghanistan was a mistake to start with. i can honestly say this. if it was not a mistake to start with, it's a mistake now that we continue to support and spend money on a corrupt leader named karzai. mr. speaker -- madam speaker, as i listen to the secretary of defense, chuck hagel, yesterday talk about the financial pressure on our military and the budget that he will be supporting that mr. obama has proposed, i wonder why we in congress are not allowed to debate on
is not olitical activity. here is no doubt a number of roups have abused their claims to the 501 tax-exempt status by engaging in political activity. this is not a right, but rather a responsibility. too many organizations have been claiming it as a way to avoid transparency and taxes. laster, i suggested the irs need to revisit these rules to provide greater clarity. as to what is considered a political activity for purposes of making a 501 designation, the rules proposed by the irs have attested to do just that in my opinion. i cannot say whether the irs struck the right balance, but i o know that they will take any and all concerns seriously though for finalizing them. however, this committee cannot help the irs and these reforms did we do not adequately fund gency. fiscal year 2014 appropriations gave the irs more than the sequester level, but the irs is still being funded at its lowest level since fiscal year 2008. if we care about the fair implementation of our tax laws, this is simply unacceptable. y'all know at this level of funding, every additional dollar even to the irs allows them to b
seeking tax exempt status. this after the inspector general found 298 applications had been singled out for special review including 100% of groups with tea party or patriot in their name, but only 30% of groups with progress or progressive. now republican congressman darrell issa, chair of the powerful house oversight committee wantslern s lerner to testify again wednesday. chairman issa, welcome back. >> thanks for covering what we believe is going to be a good fact finding hearing. >> well, let's talk about that. because when you recalled lois lerner under subpoena to testify again this coming wednesday, her lawyers said you you can call her, but she won't testify or answer any questions, continue to at that time fifttaat that t. >> her attorney indicates how that she will testify. we've been back and forth negotiation. wi believe the evidence we've gathered causes her in her best interests to testify. >> so lowislerner who took the fifth last may will testify before your committee? >> according to her attorney. >> this will be on wednesday? >> it will be on wednesday. >> what change
had pushed infrastructure in 2009 instead of the failed obamacare. plan includes closing tax loopholes to help pay for projects. this is what they report in "wall street journal." lands to improve roads, bridges, and tunnels received a laid as president obama out a proposal for infrastructure upgrades, paid for by unspecified changes to the tax code. the question of how to pay for the work remains sticky. numbers of both parties have pointed to tax code changes as a financing source. the speaker of the house said we have to find funding mechanisms to fund our infrastructure needs. the hunt has been on for the last year to find the funding source. i wish i could report that we had found it, but we haven't. he also said that he and mr. obama discussed the country's infrastructure problems, but did not come to an agreement. mr. camp would raise money through a one-time tax on corporate overseas profits as part of a transition to a new international tax system. here is dave camp talking about his tax reform proposal. [video clip] >> we must enact real, meaningful tax reform. i am releasing
of conservative groups seeking tax exempt status. this after the treasury department found 298 applications had been singled out for special review including 100% of groups with tea party or patriot in their name but only 30% of groups with progress or progressive. now republican congressman darrell issa, chair of the house oversight committee wants lernor to testify again wednesday based on new information he has. chairman, welcome back to "fox news sunday." >> thanks for having me back and for covering what we believe is going to be a good fact finding hearing. >> all right. let's talk about that. when you recall low he ed lois o testify, her lawyers said can you call her but she is not going to answer any questions. i understand you have late breaking news. >> we do. her attorney indicates now that she will testify. we've had a back and forth negotiation. but quite frankly, we believe that evidence that we've gathered causes her in her best interest to be summoned to testify. >> lois lernor will testify before your committee? >> according to her attorney. >> this will be on wednesday? >> wed
argued that the task code -- tax code is riddled with complicate loopholes that make it harder to invest here and encourage companies to keep profits abroad. last summer i offered a proposed -- proposal to couple business tax reform with critical investments in infrastructure. this budget includes that proposal using the transition revenue that will result from a shift to a simpler, more efficient tax code to create rebounding -- jobs rebounding, our roads and bridges and unclogging our communities. because in today's global conomy, first class jobs dwravetate to first class infrastructure -- gravitate to first class infrastructure and at times this budget lays out how mied a strailings will continue to act it cut red tape and stream line the permitting process for key projects so we can get more construction workers on the jobs as fast as possible. also have the chance right now to beat other countries in the race for the next wave of high-tech manufacturing jobs. my administration has already launched four hubs of high-tech manufacturing where we connect to businesses to research unive
and railroads and mass transit. it provides more money for job training and preschool and it expands tax credits for an estimated 13.5 million low-income workers and it increases taxes more than $650 billion on higher-income americans and it adds $56 billion in fees for big banks. there are also tax increases for tobacco products and airline passengers. the president's plan in print form arrived up on capitol hill this morning -- this morning. congress prefers to do the budgeting itself, so it's not like whatever the president sent would be accepted but it can be seen as a starting point in the debate over the nation's spending priorities, yet rather than a lot of new ideas in these budget books, critics suggest it's more of the same. the republicans say the president's 2015 budget spends, borrows, and taxes too much, neil? >> michael, thank you. it is ironic right now that all of this is going down on fat tuesday, good reason to party in new orleans, maybe, but minnesota republican congresswoman michele bachmann says no reason to celebrate in washington, so congressman, the bottom line is the p
negatively impacted taxes imposed upon one of its most dynamic job creators, the medical device industry. how ironic that you go to talk about creating jobs and economic growth, at the same time a proposal, a provision that was incorporated in the so-called affordable care act imposed a -- an egregious excise tax on not the profits but on the sales receipts of medical device companies simply as a pay-for for the obamacare act. as i said, indiana and minnesota, are home to many of the country's largest medical device manufacturers. in fact, my state of indiana exported more than $9.7 billion in life science products, including medical devices, and is second in the country, only to california, in terms of exports of life science products. so it's very important to our state and we have over 300 f.d.a. registered medical device manufacturers. some of them large, some of them small. they employ 20,000 hoosiers directly with an indirect support by nearly 30,000 more. so it's not a small thing for our state. it's one of the, pardon the pun, cutting-edge industries producing devices that improve the
. the majority of the accounts weren't reported for tax purposes to the irs. and the fed wants more information from troubled bitcoin exchange mt. gox, the "wall street journal" saying mt. gox received a subpoena from federal prosecutors in new york last month to preserve certain documents once the world's biggest bitcoin exchange mt. dpox has gone offline. the business is at a turning point, there's a lot of worry the entire business may be bankrupt and gone forever. the controversy surrounding mt. gox putting a lot of pressure on bitcoin prices, $597.75 is where things are trading now. that was a stock, almost like a stock, it's not a real currency sorry to say, joe. >> now you tell us. >> now. >> now you tell us. >> i am not a bitcoin fan. i believe electronic currency of some sort may flourish in some way. i don't know if bitcoin is the way. >> i thought you were a bitcoin advocate. if now your' saying -- >> i'm fascinated by the conversation around bitcoin. >> you know i'm needling you because you have talked about it a lot. i hope no one mistook what you were saying for like an endorsemen
and recidivism, and enhance justice and fairness, and save tax taxpayer dollars which is a win, win, win. states that have been successful in working in this area have looked at changes to their sentencing policies and the same way that legislation that i know you and mr. scott have cosponsored. and with regard to re-entry of ex-offenders. michigan, for example, through their prisoner re-entry initiative, has slashed their budget for corrections and has reduced the overall number of beds that are available. so there are lots of great ideas in the states and i'm starting to see them at the federal level. >> several mentions of mandatory minimums. how do this coincide with the smart on crimes approach. >> the legislative trends we're seeing in congress, with the smart sentencing act, starting to take that question head on. i was actually very positive -- a couple weeks ago i now you, mr. scott, were present at roundtable in which attorney general eric holder, senator mike lee, senator rand paul, participated in a discussion about these very issues, mandatory minimum sentences and all of the aforem
kind of world war ii camp. allen with al jazeera, north idaho. >>> a tax break for more than 13 million americans, president obama set to unveil the new budget this morning and tell you who will benefit the most if that proposal makes it through congress. plus you might call it thc-tv, marijuana commercials could be coming to a television society near you and life gave them lemons and they made lemonade and going to school. >>> if you think durant is the mbp lebron says not so fast and we will talk about the record in south beach. ♪ welcome back to al jazeera america, i'm stephanie sy, israel's prime minister is pushing back against u.s. diplomacy in the middle east and met with president obama on monday and discussed a framework for reaching a pack with the palestinian and netanyahu had frustration for, syria and iran and to have compromise israel must be secure and netanyahu will deliver the keynote speech to the american, israel publish affairs and apac is the largest and pro-israel lobbying group in the u.s. and as you can see libby casey is joining us from washington and good mor
to be fair trade or free trade. we don't need free trade what we need is fair trade. the tax policies, certainly we see this in the kind of tax breaks that are out there, does the oil industry need additional tax brecks? do they need to be -- their incomes, which are the largest profits in the world, do they need to be supplemented with american taxpayer money? right now they are. the big five, $6 billion a year of american taxpayer money, going to them. we talk about tax policy, we talk energy policy, but i want to focus this evening on these two issues. labor and education. leaving aseed the research issue, which is fundamental to future economic growth because you have to be ahead and that's where the research comes and the infrastructure, which i'll weave into this but i want to focus on labor and education. and i want to focus on a very important part of this equation. this very important part about the middle class. and those who want to be in the middle class. specifically, i want to talk about women. and i want to talk about a women's economic agenda. about why this is critica
for the tax rates to pay for that. most definitely. caller: our roads are awful. we have a lot of state roads. repair work would really help. where else do you see jobs available besides infrastructure spending? where else do you think the government can help create jobs? caller: i think in the technology,system, private sector. help bringons would about income to a level of being able to take care of your family, cover your living expenses. if that was not for unions, we would not be able to watch you on television right now. so they can rip off citizens and keep low wages and make big profits. thank you. calling in from philadelphia, pennsylvania. fish and sam says the president's budget should be how not to spend others money. also, dean writes in, too bad the gop will kill his budget. are they totally heartless? commentspage, several on that. allen writes in on her thoughts on the president's budget plan. she says stop messing around with other people's lives. we will continue to bring you comments. we want to hear you on the phone. the phone lines are open. ruben in philly on the line fo
look to need to move to florida? we like the fact there is no income tax, better weather, close to latin america. melissa: speaking my language. i singing my song, speaking my language. i would love that. we would move to florida in a heart beat. you're doing incredible things in your state that would make other states very envious. looking amazon moving to tampa, bringing more than 1,000 jobs with it. 300 million in capital. time warner moving to tampa, with 500 new jobs. 500 million in capital investment. what did you have to offer them to get that done? >> we're a great state. no income tax and we're a right-to-work state. gateway to latin america. we have five million multilingual speakers. brand new university doing science technology, engineering and math. we're talking to companies every day and they are clearly moving. people are moving here but companies are expanding. yesterday i was with a technology company that is adding over 100 jobs just in technology. but even the non-technology companies are moving here because of our technology. hertz, 700 jobs. average income,
as well as tax increase, republicans wanting lower taxes and less of that spending. they will fight it out in the midterm elections and then we may return to budget talks and some sort of accommodation in 2015. >> john, how real is the return of the conversation about tax and interest? i say it in part because it's in some of these bills, but also because the front page of the "wall street journal," see this right here, blowout call for big tycoons that talked about the payout for people like leon black, $560 million with his income, 465 for steven schwartzman and others. i do know it's been put back in some of the bills, but this has been a policy debate we've been talking about for about five years now. >> there's a lot of momentum behind this issue. i would not expect it to pass this year. one of the things that adds to its momentum in terms of the long-term, which we really get to a tax reform discussion which is not going to be this year, is that dave camp, the republican chairman of the ways and means committee, included this interest in his tax reform bill. the administration will h
as only capitol hill can deliver. a tax code reform plan gets trashed before it even gets officially revealed. oh, washington in the 21st century. good morning from another snowy washington. sorry, we're whining about the weather, but good grief. we're done. groundhog, go ahead. it's wednesday, february 26th, 2014. and another version of the snowy "the daily rundown." the first reads of the morning. we begin in afghanistan. it's the longest war in history and it suddenly may come to an abrupt end, just ten months from now. the white house announced planning for the zero option, withdrawing all troops by year's end. in a phone call with karzai, president obama said the u.s. had no choice due to karzai's failure to sign onto plans that would protect u.s. personnel that would stay in the country post-2014. nbc's jim miklaszewski has just travelled to afghanistan, and he has more from the head of the joint chiefs, general martin dempsey. >> it is a statement that we have reached a point where we have to plan for other options, to include a complete withdrawal by the end of 2014. but it's
, too much taxing. so things are going to start changing, and they did, and fast. beginning with rallies across the nation that tended to grow by the month. a force that would later go on to topple nancy pelosi and democrats in the house and make one john boehner speaker of the house. but for all of their commotion, the mainstream media treated them as quaint as best and racist as first. not fair, not balanced. not remotely right. a double-standard. "occupy wall streets" were cool. tea partiers defending the flag. well, the whacky right. occupiers burning the flag, right on. cutting tax is is selfish? living off bigger government, saintly. antispending was bad. antiwar, well, good. reading the constitution in public, pathetic. ripping it up in public, profound. tea parties divisive. those occupiers, they were in -- those covering tea party rallies cracked. those who covered the "occupiers," cool. the message from the mainstream, just ignore them. even though there is not sinister about them. this is not about killing the manning -- excuse me -- this was a push against their message, and
, that is senator bob mennendez. a possible tax break for 13 million americans. president obama unveiling his new budget. we will tell you if it gets an icy chill on capitol hill when that proposal makes it through congress. >> when i first started the learn with ms. sally, it was hard. it was hard. but i -- this is what i wanted to do. >> fighting illiteracy in adults. one man's journey just to learn how to read. al jazeera america gives you the total news experience anytime, anywhere. more on every screen. digital, mobile, social. visit aljazeera.com. follow @ajam on twitter. and like aljazeera america on facebook for more stories, more access, more conversations. so you don't just stay on top of the news, go deeper and get more perspectives on every issue. al jazeera america. >>> any minute now, israel's prime minister is set to address a key group of lobbyists. this is senator bob mennendez addressing the crowd. benjamin netanyahu will deliver his speech to the american/israel public affairs committee, one day after a closed door meeting with the president. they discussed reaching an agreemen
...te. and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there'only one way for your business to go. up. find out if your business can qualify at start-upny.m my dad has aorfib.fibrillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests orietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. praxa can cause serious, sometimes fatal, bleeding. don't takeradaxa if you have abnormal bleeding or have had a heart valve replaced. seek
with reality. >> making smart spending cuts and closing tax loopholes that right now only benefit the well off and well connected. >> it is primary day in texas. >> in the last gubernatorial election, the latino turnout was make or break issue. >> the voices in south texas will be the voices if they engage. >> are you homephobic? >> i'm not homephobic, are you? >> if you had more gay friends you would not wear that tie? >>> we begin today with breaking news. today the tug of war over ukraine is intensifying with russia's president defending his intervention and u.s. upping the ante. here's president obama over an hour ago. take a listen. >> although russia has legitimate interests in what happens in neighboring state, that does not give it the right to use force as a means of exerting influence inside that state. >> doesn't have the right to use force and then we turn from d.c. to kiev where secretary of state john kerry made a symbolic stop in independence square where that revolution began and visited a shrine to the fallen and after that he blasted russia. >> it is diplomacy and respect for
prekindergarten education. it increases tax credits for the working poor and supports early childhood programs like head start to help offset those costs, the budget would end some tax breaks for the wealthy and raise taxes on tobacco. ending tax breaks for the wealthy. guess what the republicans think? speaker boehner said, quote, the president has offered perhaps his most irresponsible budget yet. and the gop's go-to budget guy, paul ryan? he called it, quote, yet another disappointment. you know what is actually a disappointment? congressman ryan's new report on poverty, which is nothing more than a justification to cut programs that helped the poor. >> we spent about $800 billion on nearly 100 programs for the poor on welfare programs. and it's getting worse. more people in poverty. the poverty rates at a generation high. and with these new programs has put in place like obamacare, what we're learning is more people will stay in the poverty trap. >> these programs don't put people in a trap. they help lift them up. but it's no surprise congressman ryan doesn't have his facts straight. some
that are in the papers this morning. here's the wall street journal. a column by dave camp. the tax code. you can read his proposal there. the congressman is the chairman of the house ways and means committee. the washington times today, hoping for a changed view of keystone xl. paul writes in his piece that -- we will be talking about the keystone. we will be joined by the senator from north dakota to talk about the keystone and other issues. we want to take you to an associated press report. obama health insurance at 4 million is the headline there. we will be talking about the rollout of the healthcare.gov with jonathan alter who wrote a recent piece on foreign affairs in our spotlight. , behind the called aca rollout. here's a piece in the washington times on bill clinton. his message for democrats. picture of him with a kentucky democrat in louisville yesterday. himes.e talking with jim the national finance chairman of the house democrats. we will be talking about the 2014 field coming up in about five minutes or so. have a bit of time left. go to doug in wake forest, north carolina on our line f
the growth of tax-free housing loans are currently cover one hundred percent of housing expenses until they cover an average number of 95% of housing expenses, with a five percent out-of-pocket contribution. why comparison, the average was late 1990's. we will also no longer reimburse for renters insurance. over three years we will reduce by $1 billion the annual nowidies provided, which total $1.4 billion. we are not shutting down commissary's. all commissaries will still get .ree rent and pay no taxes they will be able to continue to provide good deals to service members and retirees. enlistedi am an person, what does that mean for me? at the end of the day? nothing. this is probably the most difficult part of the program going forward. they are talking about trying to redress paying benefits, but a lot of the analysis shows that -- thatgoing to be done this will be nearly impossible. no one in a year like this wants to be seen cutting benefits. secretary hagel is saying that we just need to reign things in, we will not cut pay for anyone. we are just going to reduce subsidies for gr
conservative groups that were seeking tax-exempt status to heighten scrutiny. delaying these groups' applications suggests an effort to chill the constitutional right of speech and association by groups that hold conservative views. the details that have emerged are trouble alarming. the i.r.s. has admitted that it deliberately targeted conservative groups' applications for tax-exempt status for extra review if they included such words as "tea party," "patriots," "912" in their names. or if they criticized how this country is being run. or if their purpose were to address government spending, government debt, taxes, or simply to make america a better place. incredible, mr. president. these inappropriate criteria stayed in place for more than 18 months and resulted in substantial delays in processing the applications of many different groups. in some cases, the applications remained outstanding for more than two years. the i.r.s. also sought to compel some of the targeted groups to divulge their membership lists. i.r.s. officials have subsequently admitted that there was absolutely n
. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find outf your business can qualify at start-upny.com will there's this kid. coach calls hea team pyer. she's kind of special. she makes the whole am better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach he's a great passer.. dependable. a winning team has to have one. mebody you can count on. somebody l like my dad. this is my dad. somebody like my mom. my grandfather. i'm very prod of him. her. them. iprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. so ameriprise created the retirexclusive..ions. confidt retirement approach. now you and ur ameripise advisor can get the real answers you need. well, knowing gives u confidence. start b
direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com gerri: we have some good news for drivers. the demise the red light camera could finally be on the horizon. gone will be the days of these hilarious that captured on red camera because of these cameras going away. other nsaids americans hav pulled over the years have gone viral. on a serious note, dozens of communities are concerned about these very lucrative programs. mayor john ducey is with me now. >> thank you for inviting me to your show. gerri: why are we getting rid of the red lights? >> i took office on january 1. i wanted to take a look at what is behind these cameras. so the companies came in d they made their pitch and i said i wanted to take a look at this data. so i got the data to ee what allie
dave camp, the head of ways and means committee has done this week proposing tax reform to simplify the tax code, reduce rates, reduce the corporate rate from 35 to 25% is really the sort of thing we need to do to energize the participants in the u.s. economy. right now they're sitting on their hands. there is over a trillion, maybe $3 trillion in corporate assets not being deployed. there are $2 trillion in corporate assets parked overseas because they don't want to be taxed. the camp plan would cause most of that to come back to the united states and be deployed here. that is the sort of thing we should be doing. jenna: he announced his plan, if you will in the "wall street journal" yesterday in an article. i believe he will be speaking to neil cavuto later today. it will be interesting to hear from him. what do you think the prospects are? we heard tax reform before. what do you think really are the chances what he does actually turns into some change, real change? >> i think because of president obama's attitude towards taxes, there is very little prospect. you need a president
country and want nothing more than to pay taxes and contribute to make america better, one of my republican colleagues compared dreamers with drug mules. with disparaging remarks about the size of their calves. and he continues to refuse to apologize for his hateful comments. these kinds of deplorable, intolerant remarks are dividing our country but they should not divide this chamber. they should not prevent a commonsense bill from coming forward. house republicans need to reject the offensive and unproductive rhetoric of some of their members and finally show real leadership on immigration reform . that majorities of republican voters support. the only floor vote that we've even had this entire legislative session on immigration was a vote to defund the deferred action program, to defund the daca program, a vote to deport dreamers, to not allow dreamers to get right with the law and get a provegsal renewable working permit. sadly that amendment passed the house. we were able to stop it, it didn't happen, the program continues, we encourage president obama to extend the program,
proposals to reform the irs. feel --p is set to on unveil his for pushover tax reform. what are some of the things that we know already about the proposal that chairman camp will announce question mark -- announce? >> he has been able to reduce income tax for individuals to 25%. we are hearing about a big tax on financial institutions and banks that could raise $60 billion. -- it is a hearing upmor mill appear -- -- u here. you are hearing capital gains tax. surtax.ll be a there are a lot of different proposals coming out of ways and means today and coming out of k street. we have seen analysis from the joint committee on taxation. >> what are you hearing from rank-and-file members in terms of this being an election year. how are they greeting the news of a tax reform package? >> we reported this morning and are night that republicans supported in general and in theory as a republican idea. when it comes to being a few months out of the midterm election, they are not pleased that they have to take a stance on a bill that has a lot of democratic ideals and it. it.n they may take a wha
care act, when he delays the employer mandate now for two years, i'm a tax lawyer, a cpa. the supreme court has ruled in holding the affordable care act constitutional, that these mandates were attacks. the president has no right to delay a tax. he has no right to say that this group -- >> we have established the controversy over those behaviors, we have not established the path forward for lawmakers like you who want to challenge them. i think it's interesting you're looking into it. and even the democrats -- >> all the employer mandate. >> i have to go to a quick break. >> if the supreme court rules his decision was unconstitutional, the mandate will apply retroactively. >> we shall see. >> sir, thanks for being here. >> thank you, megyn. >>> we're also digging into a stunning led line today from the fda. federal health regulators are debating a technique that would allow babies to be created from the dna of three people, not just two. that's being called the dawn of designer babies and the implications are mind-boggling. trace gallagher has more. >> reporter: the hope of this techn
brewer's decision on the veto. >>> a new investigation reveals shady business dealings to hide tax dollars. >>> a whole lot of new worlds, nasa scientists, more than 700 new planets are discovered. >> welcome back to al jazeera america. i'm john siegenthaler in new york. a lot to cover this half hour including trapped. tens of thousands of syrian refugees, seeking to get food and shelter. >>> hiding billions from the irs. >>> now the corvette sinkhole on display for all to see. >>> ukraine's transitional government faces a vote in the parliament tomorrow. it comes less than a week since viktor yanukovych was forced from office. warning against a military intervention in kook. u.s. is ready to offer ukraine a billion dollar alone. >>> in depth review of sexual assault in the military. the pentagon has said, 600 people have been disqualified from positions of drill sergeants, recruiters or sexual assault. >> arizona governor jan brewer has just vetoed a controversial gay rights bill. that measure would have allowed business owners to have refused to serve gays on religious grounds. s
no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. nd out if your business can qualify at start-upny.com cto of cracking your nest egg. our networkwide special continues on "the willis report." we have the money moves that can wreak havoc on your golden years. joining me now with mistakes t avoid, financial planner paul simon of the paul simon financial group. it's great to have you on the show. people go out and they first get intoetirement and they make a big purchase that they always have wanted. and a lot of financial advisers say that is not the right time to do it. >> when you hire a finaial advisor, the advisor must keep his objectives and his integrity to save your money but i don't agree with that. >> and over me i wouldn't do that. >> i tell them that all the time another problem that i the comment i saw this big time after the financial crisis, people operate entirely from emotion. i can tell you ffrom looking at our twitter feed in our e-mails here, people are operating out of that same emotion
? >> okay. dylan dreyer, thank you for that. >>> another big fight fort gop. this time it's about taxes and they're fighting each other again. >>> plus, the nfl wants to crack down on players using racial slurs. but can and should the owners impose this rule? former congressman and college football quarterback jaycee watts joins me next. >>> and a reminder, the dramatic and breaking developments in the ukraine. we are following it for you. we'll get more reaction in this hour. [ female announcer ] new fiber one protein cereal. ♪ yeah, yeah, yeah, yeah! ♪ we are one, under the sun ♪ under the sun... [ female announcer ] fiber and protein. together as one. introducing new fiber one protein cereal. [ female announcer ] fiber and protein. together as one. "stubborn love" by the lumineers did you i did. email? so what did you think of the house? did you see the school ratings? oh, you're right. hey babe, i got to go. bye daddy! have a good day at school, ok? ...but what about when my parents visit? ok. i just love this one... and it's next to a park. i love it. i love it too. here's ou
one direction: up so we're up early. up late. thinking up game-changing ideas, like this: doze of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunies and a new tax free plan. there's only one way for your business to go. up. find out if your business can qm sometimes they just drop in. always obvious. cme group can help you navigate risks and capture oprtunities. we enable you to reach global markets and drivforward with broader possibilities. cme group: how the world advances. >> words that ibm could start a major round of layoffs starting today, one analyst expects as many as 13,000 job cuts, charles payne follows ibm. this is one of those stories. part of it is coming from a union inside ibmm also an analyst at bernstein talking about it. it has a rumor feel to it. would the make of this? charles: any time we hear about jobs particularly good jobs being lost it is one of these not just a wall street story but the main street story and catchers everybody's attention and we're talk
of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked, giants stood tall, and the good queen showed the boy it could all be real. avo: whatever you can imagine, all in one place. expedia, find yours. i takbecause you can't beatrning for my frzero heartburn.n. woo hoo! [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. [dog] larrwanna play?arry? [announcer] a healthy dog is a playful dog. [dog] let's do this larry. [announcer] help him keep those muscles while he loses a few pounds with beneful healthy weight. made with wholesome rice,real chicken,soy, even accents of vitamin rich veggies. it's calorie-smart and tastes so g
-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com then don't miss sleep train's wbest rest event.st ever? you'll find sleep train's very best mattresses at the guaranteed lowest price. plus, pay no interest for 3 years on beautyrest black, stearns & foster, serta icomfort, even tempur-pedic. and rest even better with sleep train's risk-free 100-day money back guarantee. get your best rest ever from sleep train. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> with the academy awards coming up on sunday, this is the time of the year when the media lavishes tons of attention on the movie industry. don't get me wrong. i like a good awards show. but unless you're a major studio executive or an a-list actor, no movie has ever paid for your retirement or p
and, he wants to pay for half of it with a one-time stream of corporate tax reform revenue, you know, because that's going to pass, and he also wants to announce $600 million in grants from the department of transportation. now to get your hands on that cash proposals need to be transformative, increase access to jobs, there's that focus on jobs, jobs, jobs again and save energy and fuel. meanwhile, back in washington, house democrats are preparing to dust off one of the oldest tricks in the books, the discharge petition to try to force a vote on raising the minimum wage. here to help break down all of this complicated wonderful strategery, imy wail yajimmy wi. how you doing? it's been too long. >> right. >> i love all of this that you can do in the parliamentary process. explain what a discharge position is and is it a good idea? >> it basically says to the minority. hi, here's the deal, if you're in the minority, the democrats, you need to get a certain number of republicans so that we can get to 218, that's the half, that's the number. you have to get half the number of the house
an economic renaissance, right? >> absolutely. if we just do a couple simple things -- we haven't had tax reform since 1986. it was before the internet got invented. we don't have a system that's competitive. immigration, that's a challenge. we need stem workers in this country to free up manufacturing. you have a bipartisan budget proposed. proposed. we put aside the shutdowns and debt ceilings and all that debate came off the table. those are small victories. >> joe ecchevaria. >> you said that differently. >> well, that's how other people say. >> coming up, mayor de blasio under fire. we'll talk to charter school founder eva moskowitz straight ahead. we'll be right back. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. millions have raised their hand for th
to live within our means, to get fair taxes that don't ruin people's businesses and their lives, and we believe the things the republican party had been saying. that was our big crime, but they called us a big boy republican, and now to be referred to as a tea party patriot makes my life easier. didn't like the bad boy republican thing, but i just want you to know what brought me back because i left for 12 years, and when i left, having set term limits, i never thought i would come back to congress again, because when i left, we had actually balanced the budget for the first time in 40 # years. in 1998, we balanced the budget. 1999, we blnsed the budget, and in 2000, not only was it balanced, but had a 240 billion some surplus. the frl budget was 1.7 trillion. i fast forward, i'm out for 12 # years, and i see what happens in 2010. the glorious patriots standing up, fighting gebs the most tie rankle president every in the history of america, and i see -- my juices start fleeing, get energizedded, they are on the mark, and in 2012, i decided to come back and run again because i believe, w
in this year alone will be over $100 million. $136 million. crazy. superhigh tax. that is the other part of the thing is, no one says i am sorry. it is not stopping anyone from buying this. just in virginia. go ahead. disclosure, ill was a big stoker for many years. i quit about 14 years ago when my son came along. we used to call it nature's prozac. there is another side to this. our founding fathers notoriously had marijuana. they grew it for different reasons. i am sure they smoked it a little bit, but there is another business part that can come out of this. fibers of marijuana, the actual plant are very strong. paper make clothes, for books. there is a wide range of stuff you can use for this. it seems to me that this could stoners span out into saying let's start making t-shirts. they get a co-op going and making it this way. this could be a little bit more money than just the tax revenue that comes from it. guest: yes. it is growing by leaps and bounds. those of us of a certain age will remember if you grew up in several areas or spent time in was growing this wild in the 1960's,
. the highlight is a massive expansion of the earned income tax credit. the 13.5 million more workers would be eligible for $60 billion in credits. also included is billions for roads and rails. it's spending, the white house says, will bolster the economy. but republicans say the president's budget is dead on arrival, complaining that it runs up the long-term national debt. >>> attorney general greg abbott easily won the primary for governor, the first gop nominee in more than a decade. is he pushing for more freedom and less government. >> we must never forget that the rights that we have, they don't come from government. instead those rights come from god. >> meanwhile, democrats are pinning their hopes on state senator weekendy davis, callingr opponent a defender of the status quo. >> i am ready to fight for you and to fight for every hardworking texan across this state. >> another member of the bush family begins his political career with a win. george p. bush, the son of former florida governor jeb bush is running for texas land commissioner. but in a stunner at least two prominent re
proposapropo. it pulls back cuts to social security, approves new money for education and higher taxes for the wealthy. it also includes projection on unemployment. ton employment rate was 6.6% in january and it's projected to not hit prerecession levels. falls to 5.4% in 2018. that's ten years after the recession began. >>> electronic retailer radioshack says it's close about 1,100 of its stores. in stores that were open at least a year, sales dropped 19% last quarter. radioshack has admitted its stores are out of date and needs a makeover. >>> and unite airlines is cracking down on passengers with oversized bags. they'll be sent back to ticket counter, they'll be charged a $25 bagged fee. too many passengers are trying to put too much in the overhead bin. anne-marie. >> i've seen those. they're basically suitcases they're trying to pass off as carry- carry-on. >>> texas held its first state wide election at this time of year. she won the democratic nomination for governor. she'll face attorney general greg abbott. cornyn and sessions defeated tea party challenges and george p. bush w
aimed at jolting the middle class. mr. obama also wants to expand the earned income tax credit. one of the most popular credits for the working poor but a short shelf life. republicans are voicing already their disagreements with many issues. house speaker john boehner says these early details prove the president was never serious in addressing the nation's long-term debt. >>> political news outside washington now. today is primary day in several states which officially kicks off the 2014 midterm season. perhaps, though, the most high profile race of the day is in texas. state senator wendy davis is expected to grab the democratic election for governor. they will see if any way democrats can win in a deeply red state. >>> this morning bad numbers for both parties. nearly 7 in 10 americans say republicans are out of touch with their needs from new "the washington post"/abc news poll put way below markings for democrats. on the issue? democrats hold a slight edge when it comes to helping the middle class and health care policy. voters are split evenly who is best for the economy. all
his plan to raise taxes on wealthy new yorkers to fund a universal prekindergarten program. >>> an injured bear is rescued at a california ski resort. this bear, you can see him right there. he was bleeding and wandering around the chair lift area. animal rescue animals worked with key patrols to did he tell him off the mountain and to a vet. he's expected to be just fine. glad to hear that. those are your headlines. poor little guy. >> let's talk about russia. to do that, let's bring in somebody very special. laura ingraham is with us right now. hey, laura. >> good morning. >> should we just start speaking in russian today? i'm glad i didn't lose all my russian. i'm glad i still have it. >> yeah. first off, there is some news. we saw that potato houston a press conference to -- putin had a press conference on why he invaded another nation. he said he had no choice. there was an unauthorized coup that took place in the ukraine and he had to help save the russian-speaking people. >> yeah. we all have to remember that this part of ukraine, this is historically for the russian
sales tax revenues. >> nbc's mike taibbi joins us from phoenix. what do we know from the meetings today? >> reporter: well, the governor is going to be very busy today, tamron, she's going to have a number of meetings, one with the three state senators whom you just refer. we spoke to one, who expects to explain why he and his two senate colleagues changed their mind. as you say, originally supported for the bill believed it had nothing to do with lgbt or identity issues, that it was a religious freedom bill, as it says in the text, the words gay, lesbian, lgbt don't exist anywhere in the bill, senator pierce pointed out, so he did support and vote for that, along with his republican congress, then you saw the fallout and saw that whether there's a difference between reality and perception or not, perception is what matters, it's what people are reacting to. he said we made a mistake, we got to fix it. he's going to go and tell the governor exactly that. then the governor is likely going to hear from the phoenix economic council. we spoke to the executive director. he said he's been spe
taxes and has not paid them in ten years and he said in addition to that mitt romney has probably committed other felonies. as it turns out mitt romney paid millions of dollars in taxes and harry reid pretended he had not smeared him. yet he had done just that. there are a number of right-minded americans who are wondering mr. reid, what are you talking about? and you do sincerely owe an apology to these people you smeared unjustly. >> 11 minutes after the top of the hour. >> you might not recognize his face yet but our next guest says he could be the next bin laden. >> millions of dollars in campaign donations coming from planned parenthood, so who is it specifically going to go to and why? we're going to explain that as "fox & friends" rolls on live from new york city, where it's 9 degrees right now, folks. ♪ ♪ go long, look lean, in this season's most important fashion trend, the long shirt. designed to flatter, with playful hemlines and length for everybody. the new long shirt. visit the shirt boutique, only at chico's and chicos.com. help keep teeth clean and breath fresh
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